Siemens Healthineers (Germany) Market Value
| SHL Stock | EUR 52.16 0.14 0.27% |
| Symbol | Siemens |
Siemens Healthineers 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Siemens Healthineers' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Siemens Healthineers.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Siemens Healthineers on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Siemens Healthineers AG or generate 0.0% return on investment in Siemens Healthineers over 30 days. Siemens Healthineers is related to or competes with WuXi AppTec, Danaher, Danaher, SIEMENS HEALTH, Agilent Technologies, and IDEXX Laboratories. Siemens Healthineers AG, through its subsidiaries, develops, manufactures, and distributes imaging, diagnostic, and adva... More
Siemens Healthineers Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Siemens Healthineers' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Siemens Healthineers AG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | 0.0545 | |||
| Maximum Drawdown | 8.98 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 3.56 |
Siemens Healthineers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siemens Healthineers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siemens Healthineers' standard deviation. In reality, there are many statistical measures that can use Siemens Healthineers historical prices to predict the future Siemens Healthineers' volatility.| Risk Adjusted Performance | 0.071 | |||
| Jensen Alpha | 0.1014 | |||
| Total Risk Alpha | 0.0524 | |||
| Sortino Ratio | 0.0681 | |||
| Treynor Ratio | 0.207 |
Siemens Healthineers Backtested Returns
Siemens Healthineers owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0313, which indicates the firm had a -0.0313% return per unit of risk over the last 3 months. Siemens Healthineers AG exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Siemens Healthineers' Semi Deviation of 1.11, coefficient of variation of 1211.9, and Risk Adjusted Performance of 0.071 to confirm the risk estimate we provide. The entity has a beta of 0.59, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Siemens Healthineers' returns are expected to increase less than the market. However, during the bear market, the loss of holding Siemens Healthineers is expected to be smaller as well. At this point, Siemens Healthineers has a negative expected return of -0.0446%. Please make sure to validate Siemens Healthineers' coefficient of variation, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown , to decide if Siemens Healthineers performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Siemens Healthineers AG has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Siemens Healthineers time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Siemens Healthineers price movement. The serial correlation of -0.78 indicates that around 78.0% of current Siemens Healthineers price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
Siemens Healthineers lagged returns against current returns
Autocorrelation, which is Siemens Healthineers stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Siemens Healthineers' stock expected returns. We can calculate the autocorrelation of Siemens Healthineers returns to help us make a trade decision. For example, suppose you find that Siemens Healthineers has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Siemens Healthineers regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Siemens Healthineers stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siemens Healthineers stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Siemens Healthineers stock over time.
Current vs Lagged Prices |
| Timeline |
Siemens Healthineers Lagged Returns
When evaluating Siemens Healthineers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siemens Healthineers stock have on its future price. Siemens Healthineers autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Siemens Healthineers autocorrelation shows the relationship between Siemens Healthineers stock current value and its past values and can show if there is a momentum factor associated with investing in Siemens Healthineers AG.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Siemens Stock
Siemens Healthineers financial ratios help investors to determine whether Siemens Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Siemens with respect to the benefits of owning Siemens Healthineers security.